Section 1. Short title
This Act may be cited as the Value Over Cost Act of 2024.
(a) In general
Section 152(3)(B) of title 41, United States Code, is amended to read as follows:
(B) orders and contracts under those procedures result in—
(i) the lowest overall cost alternative; or
(ii) in the case that the Administrator of General Services determines that obtaining best value (as described under section 15.101 of the Federal Acquisition Regulation) is necessary to promote the best interests of the Federal Government, obtaining the best value to meet the needs of the Federal Government.
(b) Conforming amendment
Section 3012(3)(B) of title 10, United States Code, is amended to read as follows:
(B) orders and contracts under those procedures result in—
(i) the lowest overall cost alternative; or
(ii) in the case that the Administrator of General Services determines that obtaining best value (as described under section 15.101 of the Federal Acquisition Regulation) is necessary to promote the best interests of the Federal Government, obtaining the best value to meet the needs of the United States.